Kotak Life Fortune Maximiser Investment Plan
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Kotak Fortune Maximiser Plan

Kotak Fortune Maximiser by Kotak Investment company is a limited-pay p ...Read More

🛡️ IRDAI Approved
⭐ 4.6/5 · 918 reviews
📊 Maturity Age- 75 solvency ratio
✅ Minimum Age - 5 year% claim settlement ratio
🌐 Annual, half-yearly,+ pan-India

About Kotak Fortune Maximiser Plan

A quick read on what this Kotak Investment Plans term plan covers and why it might be a fit for you.

Kotak Fortune Maximiser is a limited-pay participating endowment plan designed to be customized as per your different objectives. This investment plan offers a choice of 3 life cover options: Life Goal Maximiser, Bright Future Maximiser, or Golden Years Maximiser. You'll even get multiple bonus payout options, allowing you to get cash bonuses in lump-sum, regular instalments, or purchase additional sum assured. With the Kotak Life Maximiser plan, you can pay premiums for premium payment terms for 6, 8, 10, 12 or 15 years (PPT) and enjoy a life cover till 85 years. With Spouse Life Cover features, you can add your spouse and get life coverage for two people under a single plan. Under this plan, females can avail high sum assured with the same premium for Female Life.

Kotak Life Insurance Fortune Maximiser Plan offers you a range of benefits including:

  • Get long-term life coverage until the age of 85 years.
  • The plan offers a choice of 3 life cover options: Life Goal Maximiser, Bright Future Maximiser, or Golden Years Maximiser.
  • The plan offers flexibility to choose a premium payment term for 6, 8, 10, 12 or 15 years (PPT).
  • With Kotak Fortune Maximiser, females can avail high sum assured with the same premium for Female Life.
  • Grow your savings with a yearly cash bonus at the end of each financial year, if any is declared.
  • The spouse Life cover feature offers coverage for both the husband and the wife under a single policy.

Eligibility Criteria for Kotak Fortune Maximiser Plan

Entry age
Entry age
Min- 90 days, Max- 60 years
Maturity age
Maturity age
85 years
Policy tenure
Policy tenure
85 years
Premium payment term
Premium payment term
6, 8, 10, 12, 15 years
Premium payment frequency
Premium payment frequency
Yearly, Half-yearly, Quarterly and Monthly
Sum assured
Sum assured
No Limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Coverage till 85 years
  • Multiple Plan Options
  • Choice of Bonus Payout

Cons

  • Guaranteed Additions
  • No High Sum Assured Rebate
  • No Auto Cover Continuance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age- 90 days
Maximum entry age- 60 years
Sum assured- No Limit
Maximum policy term- 85 years

Plan Options Under Kotak Mahindra Fortune Maximiser Plan

  • Life Goal Maximiser

    With the Life Goal Maximiser option, you have the flexibility to choose any one of the 3 Bonus Payout Options:
    • Cash Bonus (Immediate Payout): This plan option allows you to choose a cash bonus payout on a monthly or yearly basis. Under both monthly or annual options, the bonus will be payable starting from the end of the first policy year till the end of the policy term.
    • Cash Bonus (Deferred Payout): Under this option, you can choose between 5 / 7 / 10 years when you would like to get the cash bonus. It is called the Deferment Period. But during this period, a cash bonus shall not be payable. After the Deferment Period, the cash bonus will be payable to you on a monthly/yearly basis starting from the end of the first policy year till the end of the policy term.
    • Paid-Up Additions: Under this option, you can use a cash bonus to buy additional sum assured in the form of paid-up additions during the policy term. However, the paid-up additions shall be payable on death or maturity. You can even convert the cash value of accrued Paid-Up Additions subject to terms & conditions.

  • Bright Future Maximiser

    It is an ideal plan option if you need savings for your children’s brighter future. For your information, only a child can be the nominee under this option.
    • Under this option, you can choose how long you want to use the cash bonus to buy Paid-Up Additions.
    • You can select an accumulation period between 5 to 18 years for this accumulation.
    • Please note that during this period, you do not have the option to choose Cash Bonus (Immediate or Deferred Payout).
    • After the accumulation period, you'll get the cash value of total paid-up additions as a survival benefit, along with a cash bonus for the respective year.
    • You can even choose how you would like to receive the survival benefit payout:
      1. Lump sum
      2. In Equal Installments over the next 3 years
      3. In Equal Installments over the next 5 years
    • Once the accumulation period is complete you can choose whether to receive future bonus payout as follows:
      1. Cash Bonus (Immediate Payout)
      2. Accumulate them in the form of Paid-Up Additions

  • Golden Years Maximiser

    It is an ideal plan option if you want to create wealth for your retirement.
    • Under this option, the cash bonus will be used to purchase paid-up additions until the Life Insured turns 60 years old.
    • After that, the Cash Value of total paid-up additions will be payable in lump sum as a survival benefit along with a cash bonus for the respective year.
    • Please note that during the accumulation period, you do not have the option to choose Cash Bonus (Immediate or Deferred Payout).
    • Once the accumulation period is complete, you can choose whether to receive future bonus payout as follows:
      1. Cash Bonus (Immediate Payout)
      2. Accumulate them in the form of Paid-Up Additions

Additional Riders You Can Choose With Kotak Mahindra Fortune Maximiser

Name of the rider Benefits
Kotak Term Benefit Rider Get an extra payout on the accidental death of the primary life insurer on top of the base plan death benefit.
Kotak Accidental Death Benefit Rider Get a lump sum benefit on the accidental death of the Primary Life Insured.
Kotak Permanent Disability Benefit Rider Get a payout in an instalment in case the primary life insured becomes disabled due to an accident.
Kotak Life Guardian Benefit Rider Upon the insured person's death, Kotak Life will pay the remaining premiums on behalf of the policyholder.
Kotak Accidental Disability Guardian Benefit Rider Your future premiums will be waived in case of accidental disability.
Kotak Critical Illness Plus Benefit Rider Get additional coverage against 37 critical illnesses if diagnosed with a pre-specified critical illness.

Benefits of Kotak Fortune Maximiser Plan

There are various benefits to buying the Kotak Fortune Maximiser Plan. Let’s understand each of them in detail:

  • Death Benefit Under Spouse Cover: The spouse, Life Cover feature, is applicable under all plan options and can only be available while purchasing a policy. Upon the unfortunate death of the primary life insurer/ spouse during the policy term, the death benefit is payable.
  • Maturity Benefit:If you survive till the end of the policy term and all due premiums are paid, the maturity benefit pis ayable.
  • Cash Bonus- Immediate Payout: Under the Immediate Payout option, you can choose a cash bonus payout on a monthly or yearly basis. Under both monthly or annual options, the bonus will be payable starting from the end of the first policy year till the end of the policy term.
  • Paid-Up Addition:With the Paid-Up Addition feature, the cash bonus will be used to purchase the additional sum assured in the form of paid-up additions at the end of the policy year. However, the paid-up additions shall be payable on death or maturity, whichever is earlier.
  • Encashment of Paid-Up Additions:With the paid-up additions feature, you can exchange the paid-up additions for money when required. However, the remaining paid-up additions will continue to participate in future profits. Please note that the encash feature is only available from the second policy year onwards till the end of the policy term.
  • Enhanced Sum Assured for Female Life:Females who are the primary insured person in the policy will get an extra 1% added to their coverage amount. This benefit is not available to the spouse if spouse coverage is chosen.

Features of Kotak Fortune Maximiser Plan

Key features that make Kotak Fortune Maximiser Plan stand out.

Golden Years Maximiser

Under this option, the cash bonus will be used to purchase paid-up additions until the Life Insured turns 60 years old.

Paid-Up Additions

Under this option, you can use a cash bonus to buy additional sum assured in the form of paid-up additions during the policy term. However, the paid-up additions shall be payable on death or maturity.

Long-term coverage

Get long-term life coverage until the age of 85 years.

3 life cover options

The plan offers a choice of 3 life cover options: Life Goal Maximiser, Bright Future Maximiser, or Golden Years Maximiser.

Documents Required for Kotak Fortune Maximiser Plan

Keep these documents handy when applying for Kotak Fortune Maximiser Plan.

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

Age Proof

Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

Address Proof

Address Proof (either of one) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).

Buying from their branch office

You can buy the Kotak Mahindra Fortune Maximiser Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Exclusions of Kotak Mahindra Fortune Maximiser Plan

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

Other Features of Kotak Fortune Maximiser Plan

Here are the key features of the Kotak Fortune Maximiser Plan.

Plan At a Glance

What’s Good Here What’s Missing
Coverage till 85 years Guaranteed Additions
Multiple Plan Options No High Sum Assured Rebate
Choice of Bonus Payout No Auto Cover Continuance
Spouse Life Cover Whole Life Cover
Encashment of Paid-Up Additions Feature Large Premium Boost Discounts

In a nutshell

Kotak Fortune Maximiser is a limited-pay participating endowment plan that offers a choice of 3 life cover options. In this plan, you'll even get multiple bonus payout options, or Spouse Life Cover features allow you to add life coverage for two people under a single plan. For further assistance, you can reach out to us at PolicyX.com.

Life Insurance Articles

Kotak Fortune Maximiser Plan: FAQs

The 5 most-asked questions about Kotak Fortune Maximiser Plan, answered.

Kotak Fortune Maximiser is a limited-pay participating endowment plan designed to be customized as per your different objectives.
The plan offers a choice of 3 life cover options: Life Goal Maximiser, Bright Future Maximiser, or Golden Years Maximiser.
Under this feature, you can use a cash bonus to buy additional sum assured in the form of paid-up additions during the policy term.
Kotak Life Maximiser plan offers you protection for up to 85 years.
With the paid-up additions feature, you can exchange the paid-up additions for money when required.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Sahil Singh Kathait — Health & Term Insurance Reviewed by Anchita Bhattacharyya — Health, Term & Life Insurance
Last updated: 6 Feb 2025 · Originally published: 6 Feb 2025

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